Question: # Case study: A decision tree that is building small, medium and large facilities Make a structure / writing as follows: - Introduction: Include, not
# Case study: A decision tree that is building small, medium and large facilities
Make a structure writing as follows:
Introduction: Include, not limited to the description of your problem in details, brief summary of what you will analyze in the main body, brief
findingssuggestionsresultsetc
Main body: Expand the decision tree, Consider expanding on the practice question we worked on during the class building small, medium and large facility Add more than three nodes use both decision and event nodes For each branch, set the reasonable payoffs explain why Determine probabilities on the arcs if it is connected to the event node, Create the innovative and possible scenarios in business
Draw the decision tree
Do sensitivity analysis: Assume at least three different scenarios of "whatifFor example, what if the probability changes, what if payoffs are different, etc. Even for one scenario, you can change the parameters differently on any specific purposes. Scenarios must be reasonable. Provide results for each scenario and insights for customers owner of the business
Conclusion: Suggest your ideas; or conclude your work with summary, Write as if you are the consultant for the business owner, Assume that it is the analysis report for the business owner Make it understandable, easy to follow
Discuss potential issues or considerations about the outcome
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